Car Dealerships Nissan Altima 2.5 S in Strum WI

Car Dealerships Nissan Altima 2.5 S in Strum WI

February 15, 2018
Posted by: solfa_admin

It’s common these days for car dealerships to be located next to many other similar businesses in “auto rows” or “auto malls.” The economic theory of agglomeration gives credence to this practice, based on the logic that a rising tide raises all ships, all businesses benefit from a single destination for vehicle buying that draws all comers, irrespective of make and model. Then there The Pitfalls of Buy Here Pay Here Car Dealerships Nissan Altima 2.5 S Strum WI 54770 are places that buck that trend and eschew every known economic theory. Here are some of the strangest locations and practices for car dealerships.

British Motor Cars, San Francisco

This high-end auto emporium is the antithesis of the auto mall ideal. Compared to rows of autos laid out around some suburban interstate cloverleaf where there’s ample room for customers to park and view the inventory, this Nissan Altima 2.5 S Strum WI 54770 establishment is practically hidden. The showroom is located in downtown San Francisco on an extremely busy section of Van Ness Avenue that’s actually collocated with US Route 101. There is no parking to speak of except for metered spots on the streets, and those max out at two hours. If, however, you are serious about buying a vehicle at British Motor Cars, you can Seven Strategies to Evaluate a Car Dealership Nissan Altima 2.5 S Strum WI 54770 most likely afford to have a limousine drop you off. Inside the slate-gray Greek Revival building lies a cornucopia of exotic and expensive rides. The gilt marble interior is the perfect backdrop to sip a house-made espresso while perusing the selection of high-horsepower Italian speed demons, leather trimmed British mobile palaces, and state-of-the-art German sedans.

Llanfairpwllgwyngyllgogerychwymdrobwllllantysiliogo-gogoch Autos, Wales

No, I didn’t just mash my hands against Nissan Altima 2.5 S Strum WI 54770 the keyboard accidentally, that’s the real name of a town in Wales and one of its car dealerships. If you’ve ever spent any time in Wales, or maybe heard people speaking Welsh, it will come as no surprise that this delightfully long and seemingly impossible to pronounce word originates in Western Britain. Welsh is an ancient language descended from the Celtic linguistic family, spoken Nissan Altima 2.5 S Strum WI 54770 on the British Isles for far longer than English. English derives its name from the Angles, a Germanic people. While less than a quarter of the people in Wales speak it fluently, the language still gives its name to many towns and, thus, business establishments. Thankfully, the salesmen at this location are happy to shorten it to just Llanfairpwllgwyngyll.

Ling’s Cars

Unlike the other auto dealerships Nissan Altima 2.5 S Strum WI 54770 on this list, Ling’s is actually primarily a leasing business. Unlike other car dealerships anywhere, Ling’s is just flat out weird. Only here can you get an affordable lease on a quality pre-owned vehicle while also buying a dozen farm fresh eggs. Ling’s has a hen house on the premises and collects and sells the eggs as part of the wacky business. If that’s Nissan Altima 2.5 S Strum WI 54770 not enough, the owner has even been known to ride around the premises in a military surplus missile carrier.

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    Car Dealerships Nissan Altima 2.5 S in Strum WI

    February 15, 2018
    Posted by: solfa_admin

    Blue Sky is the intrinsic value of an automobile dealership, over and above the value of its tangible assets. It is sometimes equated to the goodwill of a car dealership.

    Most articles regarding the blue sky value of new car dealerships cite a multiple of earnings formula, such as three times earnings, four times earnings, and so forth. The idea that “blue-sky” can be determined by anything times anything is just plain wrong.

    Even NADA the Car Dealers’ Sales Tricks Nissan Altima 2.5 S Strum WI 54770 National Automobile Dealers Association in its publication entitled “A Dealer Guide to Valuing an Automobile Dealership, NADA June 1995, Revised July 2000 bemuses, in part, with respect to valuing a dealership by using a multiple of earnings: A Rule of Thumb valuation is more properly referred to as a “greater fool theory.” “It is not valuation theory, however.”

    In its Update 2004, NADA omitted its reference to “fool”, but referred to the multiple formula as Nissan Altima 2.5 S Strum WI 54770 rarely based upon sound economic or valuation theory, and went on to state: “If you are a seller and the rule of thumb produces a high value, then this is not a matter of great concern. Go for it, and maybe someone will be stupid enough to pay you a very high value.”

    A dealership’s blue sky is based upon what a buyer thinks it can produce in net profit. If potential buyers think it Car Dealers’ Sales Tricks Nissan Altima 2.5 S Strum WI 54770 cannot produce a profit, the store will not sell. If it can produce a profit, then variables such as desirability of location, the balance the brand will bring to other existing franchises owned, whether or not the factory will require facility upgrades, and so on and so forth, determine whether or not a buyer will buy that particular brand, in that particular location, at that particular time.

    I have been consulting with dealers for nearly Nissan Altima 2.5 S Strum WI 54770 four decades and have participated in over 1,000 automotive transactions ranging from $100,000 to over $100,000,000 and have never seen the price of a dealership sale determined by any multiple of earnings unless and until all of the above factors have been considered and the buyer then decided he, she or it was willing to spend “x” times what the buyer thought the dealership would earn, in order to purchase the business opportunity.

    To think Nissan Altima 2.5 S Strum WI 54770 otherwise would be to subscribe to the theories that (1) even though you think a dealership could make a million dollars, the store is worth zero blue sky because it made no money last year; and (2) if a store has been making $5 million per year you should pay say 3 times $5 million as blue sky even though you think you will not produce that kind of profit. Both propositions are absurd. Nissan Altima 2.5 S Strum WI 54770 If a buyer does not think a dealership is worth blue sky, then what he is really saying is that he sees no business opportunity in the purchase and therefore, in my opinion, he should not buy the store.

    Each dealership is unique with respect to its potential, location, balance that its brand brings a dealer group, and condition of facility. The sale is also unique with respect to whether it is a forced liquidation, Nissan Altima 2.5 S Strum WI 54770 orderly liquidation, arms length, insider, or a case where an anxious buyer is trying to induce an unwilling seller. There are management factors to consider, length and term of leases, possibilities or non-possibilities of purchasing the facilities and whether or not the factory wants to relocate the store or to open a new store up the street.

    In the car business it is impossible to pick a dealership or a franchise out of a hat, Nissan Altima 2.5 S Strum WI 54770 multiply its earnings by some mystical number and predict either what the dealership is worth, or what price it would sell for – and it doesn’t matter if you are talking about a Toyota, Honda, Ford, Chevrolet, Chrysler, Dodge, or any other dealership. At any given time one franchise might be considered more or less desirable than another, but they are all valued in the same manner.

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    Car Dealerships Nissan Altima 2.5 S in Strum WI

    February 15, 2018
    Posted by: solfa_admin

    Blue Sky is the intrinsic value of an automobile dealership, over and above the value of its tangible assets. It is sometimes equated to the goodwill of a car dealership.

    Most articles regarding the blue sky value of new car dealerships cite a multiple of earnings formula, such as three times earnings, four times earnings, and so forth. The idea that “blue-sky” can be determined by anything times anything is just plain wrong.

    Even NADA the Car Dealerships in the Strangest Places Nissan Altima 2.5 S Strum WI 54770 National Automobile Dealers Association in its publication entitled “A Dealer Guide to Valuing an Automobile Dealership, NADA June 1995, Revised July 2000 bemuses, in part, with respect to valuing a dealership by using a multiple of earnings: A Rule of Thumb valuation is more properly referred to as a “greater fool theory.” “It is not valuation theory, however.”

    In its Update 2004, NADA omitted its reference to “fool”, but referred to the multiple formula as Nissan Altima 2.5 S Strum WI 54770 rarely based upon sound economic or valuation theory, and went on to state: “If you are a seller and the rule of thumb produces a high value, then this is not a matter of great concern. Go for it, and maybe someone will be stupid enough to pay you a very high value.”

    A dealership’s blue sky is based upon what a buyer thinks it can produce in net profit. If potential buyers think it Auto Dealerships – The Sales Dept Sells the First Car Nissan Altima 2.5 S Strum WI 54770 cannot produce a profit, the store will not sell. If it can produce a profit, then variables such as desirability of location, the balance the brand will bring to other existing franchises owned, whether or not the factory will require facility upgrades, and so on and so forth, determine whether or not a buyer will buy that particular brand, in that particular location, at that particular time.

    I have been consulting with dealers for nearly Nissan Altima 2.5 S Strum WI 54770 four decades and have participated in over 1,000 automotive transactions ranging from $100,000 to over $100,000,000 and have never seen the price of a dealership sale determined by any multiple of earnings unless and until all of the above factors have been considered and the buyer then decided he, she or it was willing to spend “x” times what the buyer thought the dealership would earn, in order to purchase the business opportunity.

    To think Nissan Altima 2.5 S Strum WI 54770 otherwise would be to subscribe to the theories that (1) even though you think a dealership could make a million dollars, the store is worth zero blue sky because it made no money last year; and (2) if a store has been making $5 million per year you should pay say 3 times $5 million as blue sky even though you think you will not produce that kind of profit. Both propositions are absurd. Nissan Altima 2.5 S Strum WI 54770 If a buyer does not think a dealership is worth blue sky, then what he is really saying is that he sees no business opportunity in the purchase and therefore, in my opinion, he should not buy the store.

    Each dealership is unique with respect to its potential, location, balance that its brand brings a dealer group, and condition of facility. The sale is also unique with respect to whether it is a forced liquidation, Nissan Altima 2.5 S Strum WI 54770 orderly liquidation, arms length, insider, or a case where an anxious buyer is trying to induce an unwilling seller. There are management factors to consider, length and term of leases, possibilities or non-possibilities of purchasing the facilities and whether or not the factory wants to relocate the store or to open a new store up the street.

    In the car business it is impossible to pick a dealership or a franchise out of a hat, Nissan Altima 2.5 S Strum WI 54770 multiply its earnings by some mystical number and predict either what the dealership is worth, or what price it would sell for – and it doesn’t matter if you are talking about a Toyota, Honda, Ford, Chevrolet, Chrysler, Dodge, or any other dealership. At any given time one franchise might be considered more or less desirable than another, but they are all valued in the same manner.

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